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LIC Agents Protest Against New Insurance Rules

Kumari Sonali

LIC Agents Protest Against New Insurance Rules:

LIC is the largest public sector life insurance company and institutional investor in India.

  • Headquartered in Mumbai, it plays a crucial role in India’s financial market.
  • Motto: “Yogakshemam Vahamyaham” (From the Bhagavad Gita) – “Your welfare is our responsibility.”
  • It was established in 1956 through the Life Insurance of India Act, which nationalized the insurance sector by merging 245 private insurers and provident societies into a single entity.
  • LIC operates through 8 zonal offices in Delhi, Chennai, Mumbai, Hyderabad, Kanpur, Kolkata, Bhopal, and Patna.

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